Covers mortgage industry news, policy changes, and new underwriting guidelines.
When people ask me about my career in the mortgage business as an underwriter, the questions comes up “well what do you actually do?”. The best way I can describe
Today’s blog goes over one of the updates announced in SEL 2018-08 by Fannie Mae. I want to focus on the improvements for a borrower using “employment-related assets as income”.
The MBA projects that mortgage volume will be about 1.8 Trillion for 2019, which is stable compared to 2018 but down compared to 2017. The major reason for this downward
On Freddie Mac’s home page, you will see the tag line “We Make Home Possible”, when I see changes in the guidelines as outlined on Selling Update 2018-13 I appreciate
Over the last few months, my traveling schedule has been getting busier with more opportunities. Personally, I love to get out of my normal environment and see new places and
Up til a few days ago working with a borrower on a conventional loan who has an active IRS repayment plan meant a decline was probably going to be the
Welcome to our first blog of 2018, this marks our fourth year of creating content focused on the topic of mortgage underwriting! There are many guideline changes already lined up
The challenge of estimating the effect student loans on a potential borrower’s ability to repay their mortgage still seems to be an issue at both Fannie Mae and Freddie Mac.
Good news for borrowers in the purchase market! Fannie Mae added to a lender announcement on 09/26 that it had expanded its PIW (property inspection waiver) program to include purchases!
The technology that has been leading the industry news over the last year has been Fannie Mae’s Day One Certainty program. This program’s goal is to give lenders immediate certainty
